TRANSGAMING INC. V.TNG

TNG Q2 ends this Friday-"Black Friday"

[Invwconfidence]

Five days left until the end of Q2. Revenue will be up in games publishing, but not many press releases so far this quarter on new game releases. Can't make a lot revenue without lots of new releases and they need a lot of revenue just to break even. Looks like cash operating losses will continue which along with accelerated debt repayments will results in a significant decline in cash this quarter. Why are they paying off debt when they are loosing money, makes no sense unless lender is grabbing cash before they run out.

[mbbttfb]

They are contractually obligated to make specified debt repayments. They aren't all that onerous. And I don think think they are that close to running out of cash. They should be good for 2-3 quarters. But unless they have a big spike in revs they will need to do a raise. It will need to be well before they run out. With the share price where it is dilution becomes an issue. As does the market

[docgalo2010]

Sweep e`m up gents,sweep e`m up..gonzo of a sale going on here.